Mexico Lead Acid Battery Market Size & Outlook, 2023-2030
Mexico lead acid battery market, 2018-2030 (US$M)
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Mexico lead acid battery market highlights
- The Mexico lead acid battery market generated a revenue of USD 2,671.1 million in 2023 and is expected to reach USD 3,352.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
Lead acid battery market data book summary
| Market revenue in 2023 | USD 2,671.1 million |
| Market revenue in 2030 | USD 3,352.9 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.6% of the global lead acid battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lead acid battery market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,520.2 million by 2030.
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Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico lead acid battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lead acid battery market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 56.89% in 2023. Horizon Databook has segmented the Mexico lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Shifting consumer preference towards renewable energy generation on account of environmental protection is expected to augment solar PV market growth. Increasing consumer awareness regarding environmental protection is expected to result in development of sustainable energy and reduced carbon emission which is expected to augment solar PV market growth.
Furthermore, technological advancements increasing electricity generation efficiency of modules and lower installation cost on account of subsidies is likely to fuel market growth.Mexico is currently the world’s seventh-largest producer of cars. Mexico has been the primary focus of the global automotive industry as companies worldwide are eyeing to invest in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico lead acid battery market , including forecasts for subscribers. This country databook contains high-level insights into Mexico lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico lead acid battery market size, by application, 2018-2030 (US$M)
Mexico Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
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